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Is a Term Deposit Right for You?
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A Term Deposit may be a good fit if you:
- Have money you won't need right away
- Are saving for a future purchase or goal
- Want guaranteed growth with no market risk
- Prefer knowing exactly what you'll earn
- Are you looking for a low-risk investment option
Why Choose a Term Deposit?
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- Guaranteed Returns | Know exactly what your investment will earn from day one.
- Safe & Secure | Your deposit and earned interest are protected. Alberta credit union deposits are 100% guaranteed through the Credit Union Deposit Guarantee Corporation.
- Flexible Terms | Choose from cashable and non-redeemable options with terms from one to five years.
- Registered or Non-Registered | Available with RRSPs, TFSAs, FHSAs, and other investment plans.
Ways to Invest
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- Cashable Term Deposits - Need flexibility? Access your money after 30 days while still earning interest.
- Non-Redeemable Term Deposits - Lock in your funds for a fixed term and typically earn a higher rate of return.
- Registered Term Deposits - Hold your term deposit inside a TFSA, RRSP, FHSA, or RRIF to align with your savings goals.
Key Product Features
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A Term Deposit or GIC (Guaranteed Investment Certificate) is a low risk investment that guarantees the rate of return so you won't lose your money. It is like a savings account that earns interest but you have to leave the money in the account for specific period of time.
Things to Know:
- Minimum $500 investment
- Terms range from 1 - 5 years
- Interest may be paid monthly or annually
Cashable term deposits provide access to your money before maturity, while non-redeemable deposits keep your funds invested until the end of the term. A cashable GIC has a 1 year term but is cashable after 30 days with no loss of interest. If you cash it in prior to 30 days then no interest is paid.
Yes. Term Deposits can be held within registered plans such as TFSA, RRSP, FHSA, and RRIF.
Yes. Deposits with Alberta credit unions are guaranteed by the Credit Union Deposits Guarantee Corporation, including accrued interest.
1 - 5 Yr Term Deposits (GICs) | Choose a term that matches your savings goals. Longer terms often offer higher rates, while cashable options provide greater flexibility.
| Terms |
Features |
| 1-4 Years |
Non-redeemable prior to maturity |
| 18 Month | Non-redeemable prior to maturity |
| 5 Yr 20/20 |
Allows for 20% of the original investment amount to be redeemed on the anniversary date |
- Minimum $1,000 investment
- Non-redeemable prior to maturity date
- Available in terms of 30, 60, 90, 180, and 365 days